JPMorgan Chase & Co. Has Lowered Expectations for National Fuel Gas (NYSE:NFG) Stock Price

National Fuel Gas (NYSE:NFG) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $65.00 to $64.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 3.61% from the company’s current price.

A number of other equities analysts also recently commented on NFG. Scotiabank lifted their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Bank of America initiated coverage on shares of National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective for the company.

National Fuel Gas Stock Performance

NYSE:NFG traded up $0.30 during trading hours on Tuesday, reaching $61.77. 81,696 shares of the stock were exchanged, compared to its average volume of 522,140. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $63.54. The company has a quick ratio of 0.65, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5.64 billion, a P/E ratio of 76.22 and a beta of 0.62. The firm has a 50 day simple moving average of $60.63 and a 200-day simple moving average of $58.00.

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the completion of the transaction, the general counsel now directly owns 8,203 shares of the company’s stock, valued at $498,496.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On National Fuel Gas

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in National Fuel Gas during the 1st quarter valued at $905,000. Sei Investments Co. grew its position in National Fuel Gas by 20.2% in the 1st quarter. Sei Investments Co. now owns 190,996 shares of the oil and gas producer’s stock valued at $10,260,000 after buying an additional 32,121 shares in the last quarter. US Bancorp DE increased its stake in National Fuel Gas by 4.5% during the 1st quarter. US Bancorp DE now owns 25,400 shares of the oil and gas producer’s stock valued at $1,364,000 after buying an additional 1,105 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of National Fuel Gas in the 1st quarter worth approximately $429,000. Finally, Entropy Technologies LP boosted its holdings in shares of National Fuel Gas by 10.6% in the first quarter. Entropy Technologies LP now owns 18,830 shares of the oil and gas producer’s stock valued at $1,012,000 after acquiring an additional 1,808 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.